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San Joaquin County committee approves moving employer contributions into 401(a) plan
Summary
To expand contribution flexibility for high‑wage employees and align with peer counties, the advisory committee approved moving county employer contributions from the 457(b) plan into a 401(a) plan; implementation will require payroll coordination and a short document amendment.
The San Joaquin County Deferred Compensation Advisory Committee voted Feb. 26 to direct staff to move county employer contributions into a 401(a) account structure for employees who receive an employer contribution.
Consultant Vincent Galindo noted that among 29 California counties surveyed, most put employer contributions into a 401(a) — a structure that provides a separate annual contribution limit…
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